Social Security Projects Biggest Payment Increase In Years
STEPHEN OHLEMACHER Published JULY 14, 2017 10:08 AM
WASHINGTON (AP) — Good news for seniors: Millions of Americans who rely on Social Security are projected to receive their biggest payment increase in years this January.
Bad news for seniors: It’s just a 2.2 percent increase, or about $28 a month for the average recipient.
The trustees who oversee Social Security and Medicare released their 2018 projections Thursday, along with their annual warning about the long-term financial problems of the federal government’s two bedrock retirement programs.
Social Security recipients have gone years with tiny increases in benefits because inflation has been low or non-existent. This year they received an increase of 0.3 percent, after getting nothing last year. The last time they got a bigger increase was in 2012, when the hike was 3.6 percent.
http://talkingpointsmemo.com/news/social-security-payment-increase?utm_content=buffer228f1&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
= new reply since forum marked as read
